UMA bull flag turned into a triangle
At 1h and 4h timeframe the bull flag has turned into a triangle while at daily timeframe it's still a bull flag. I personally would prefer it would work as a daily bull flag because the potential target would be sooo good but meanwhile I wanna stay realistic and watch at the more possible gain: the triangle!
Target is shown on the chart. Notice I've drawn the base of the triangle based on the volumes so it's either the first yellow dashed line (more possible) or the second (I hope not). The red dashed line is the point where many people entered the trade since the bull flag/triangle was forming.
Off course everything going bad in the market is BTC's faults
Target is shown on the chart. Notice I've drawn the base of the triangle based on the volumes so it's either the first yellow dashed line (more possible) or the second (I hope not). The red dashed line is the point where many people entered the trade since the bull flag/triangle was forming.
Off course everything going bad in the market is BTC's faults
Note
Finally the chart has broke out of the triangle. Today the market seems in recover, if nothing bad happens (BTC goes crazy, total market dump, etc...) we should head up from hereNote
As usual Musk ruins everything and buying BTC it messed up alts.... all alts are retracing because him!
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
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